pogicraft

pogicraft

Drew a line for where I'm looking SPY to open tomorrow, hoping buyers swoop in and try for ATH, should be easy since all the big names are down but without catalyst for correction. Either way, looking towards second week of June if the medium time frame MA is to be followed. Just hard to believe that Friday's inflation data will be positive -- but I'm thinking...

pogicraft

Why can't we just go higher from here? Everybody seems so negative -- and indeed I'm more neutral than bullish right now but $480 is just as possible as $530 and we really just have to wait out earnings season to see which way we get smacked first. I was bullish (then netflix happened) then bearish (then explosions over the weekend) then bullish (then people seem...

pogicraft

New pattern detected, possible bull run. But being on the phone app, the chart looks ugly so im probably going to repost later)

pogicraft Updated 

Um... I can't really expand on this because it came to me in a dream. It'll be wacky for sure.

pogicraft Updated 

Things seem oversold short term. Doesn't always mean it will bounce. I don't even want to guess where prices will be after FOMC since we're simply releasing some of those pent up profits. Obviously, barring any sudden news, after the selling stops, we'll try for more ATH. But between here and before May, I'm just not sure how sudden the selling will be. Obviously...

pogicraft

I freehand drew some lines but they really made more sense in 5min mode

pogicraft

You want to underestimate the power of an ATH run when nobody wants to sell? That's on you -- just because there's low volume and very little interest in buying doesn't mean there's a selloff coming. Trade what's in front of you means that there may not be anything in front of you -- if most people are bearish but want to see how high this thing can go before they...

pogicraft Updated 

Yep, it was just that easy. Honestly don't know if there was any other outcome because the drop wasn't really strong enough but looking at this lazy susan makes me certain we'll see $480 and unsure we'll see $460. If it's been pushed back, it's at least Feb now.

pogicraft

I'm just sitting here watching the bull/bear battle that has very few committed participants. I'm thinking its time for a bit of a pullback because we've taking this too high too fast. Market says (at least in the moment) we can do higher -- and goes from a wee bit under $434 where I can see it softly touching $431 to $435 where I'm wondering if my calls expiring...

pogicraft Updated 

I don't understand these new tools on TradingView. I'm trying out a bunch of their forecasting drawing tools but the ones that are like, generated bars seem like static nonsense. Like the bars pattern and ghost feed. Does ghost feed account for volatility? A drawing of say, 5% change in the next 30 days would probably result in similar bars whether you're doing it...

pogicraft Updated 

The first week of October was good, very bullish, The second week was largely flat This week started on a gap up and has just been a falling rock since... But today there, was hidden powerful buying pressure, you can see it hitting resistance around 10AM, 11:30, and 2PM and then falling to new lows. On every drop, there is always buyers entering at support...

pogicraft

and also what the description was :( I'm not sure how the unemployment numbers or Powell speech will be interpreted tomorrow but barring some mysterious unknown, this dead cat bounce looks stronger than most people are expecting. Smart money is buying, maybe not today, maybe not tomorrow, but there is bullish interest inside of this weakness. Never any idea why,...

pogicraft Updated 

The Stock Market is like Spaghetti -- it's going everywhere. I always said that the S&P could break into ATHs before we have a recession and so far this year, after an initial fear, it seems to be going to plan. There's some weakness, there's some imminent fear, and I just wanted to post this because I haven't actually posted anything in a while, though I have...

pogicraft

I'm tempted to gather as much cash as I can to take advantage.... :/ but I've never been that kind of guy

pogicraft Updated 

A case of, well that's very interesting and all but what now? Are we up because people are grabbing shares to short? Are they genuinely bullish, but perhaps wrong? We are literally in a neutral area for a timeframe of this week. We look like we'll be higher by May/June but that's really too vague to be useful. Especially as we'll probably hit a few more sudden...

pogicraft

The basic idea of charting is pretty simple. The basic tenant: You predict future price action of crowd wisdom through the ebb and flow of past price action. Picking and calibrating your signals is where everyone has their own methods. Chart interval is equally important in calibrating; too short and you have many false signals, too long and you risk the trend...

pogicraft

It's kind of hilarious because everything I see says that I shouldn't have bought weekly calls at $393... except for this "accurate swing trading system" when zoomed out to 2Hr... then when you go around to many popular indexes, it says everything's fine, price bounced off support, buy signal lives on. I mean I happen to agree with it, though I do wish I got a...

pogicraft

*had to refresh page because "publish" wasn't working -- it took all my lines with it* but I'm looking at my positions and I'm like, wow, nothing says it won't go higher today, up to $412 and towards $420 tomorrow (maybe $417). Any downside would see $390 by wednesday. Unless this is a major headfake, it looks like a losing wager. And yet I go, and I share....